Digital Currency Update
Binance will launch a Mastercard prepaid card in Argentina. The card will be issued by Credencial Payments and will be the first crypto card from Binance issued in Latin America.
Region: Europe
Visa and Mastercard Halt Payments for Adult Content
Visa and Mastercard halted payments to the Pornhub platform in 2020 after The New York Times published an opinion piece that cited the Luxembourg-based company’s tolerance of exploited minors on its website.
Global Network Card Results in 2021
Purchase transactions worldwide for goods and services initiated by credit, debit and prepaid cards carrying brands of the global networks—Visa, UnionPay, Mastercard, American Express, JCB and Diners Club/Discover—amounted to a combined 581.22 billion in 2021, an increase of 24.5% over 2020.
Digital Currency Update
Gemini, a cryptocurrency exchange and custodian, has expanded its partnership with Plaid in the US and the UK. The partnership lets Gemini users share account details with other services, including apps for financial planning, net worth calculations and tax advice.
Token.io Premium A2A Payments in Europe
The benefit to merchants of account-to-account (A2A) payments as an alternative to accepting debit cards is largely due to lower cost. A consumer protection regulation that covers most countries in Europe requires banks to provide access to bank account information for free.
FICO and Open-Finance.ai
The FICO Blaze Advisor decision rules management system has been used in a variety of markets including financial services and telcos for more than 20 years to automate the onboarding of new customers, support lending, facilitate insurance claims and other uses.
SumUp Books $602 Million in New Financing
Processor SumUp, which handles transactions from four million small merchants in 35 countries, has raised $602 million (€590 million) last month in an approximately 50%-50% combination of debt financing and equity funding. The equity round was SumUp’s first in five years. The company’s valuation was placed at $8.16 billion (€8.00 billion).
FIS Guarantees eCommerce Purchases with Signifyd
Fighting fraud is expensive for online merchants. At merchants that sell physical goods, the combined cost of packaging and shipping, implementing fraud fighting technology, the internal staff needed to oversee questionable transactions as well as chargeback management and resolution can more than double the monetary value of the goods lost to criminals.
Enfuce Card Processing and Management
Card account processing and management services are available in Europe and the Middle East from Enfuce. The company opened for business in 2017 and handles credit, debit and prepaid issuing, processing, BIN sponsorship and fraud and dispute management in-house.
LexisNexis Buys BehavioSec
Behavioral biometric specialist BehavioSec operates within the Business Services group of LexisNexis Risk Solutions following its acquisition in May 2022. Terms of the deal were not disclosed. Sweden-based BehavioSec has clients in North America, Europe and the Middle East that use its behind-the-scenes passive biometric technology to protect against fraud tied to opening new accounts, takeover of existing accounts and other criminal scams.
